The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-09-14


taking allotments In the possession
and Enjoyment Of the same"
oKN JOSEPH 4. JoHSsroN's REPORT.
Gen. Joseph L. Johnston, commits.
sioner Of railroads, hss submitted bis
annual report to the Secretary. ct the
Interior. The report shows that the
Union Pacific railroad company as
now existing, was formed In Janusry,
1880, by the consolidation OF the orig.
inal company, the Kansas Psclfic rail-
way and the Denver Pacific Railroad
and Telegraph Company. It's length,
according TO the company's report, Is
1884 45.l00 milos. IL operates besides
twenty one branche and is owned by
independent organic Aiipns In which II
has controlling interest Their total
length is 1891 e5 100 miles; OF these
1894 miles, la we're aided by the gov.
ernment with land aud bonds. Ths
tracks OF both OF 81 csc divisions are In
excellent condition. The sum oil f2S..
328,76 has been received from the
salts Of lands granted by the govern
ment, the average price being S2.6t
per acre; 1859 207 ACRES valued ri
$l4,004,270 were still unsold ut
The end OF the year 1885. The total
funded debt OF the road on Dec mbsr
81, 1885, was Sis, sos, 639, an increase
Of $ll AS over the preceding ID Gem.
Der. The fsancisl statement for 1885
shove: Revenues, $24, 14l.740; ex.
psnditures, $20,0ll, 786; surplu,, 81
l29,975. The total debt OF the COM
pany on December 81, 1885, wse $780,.
499,747, q net decrease OF S1,700,7l2
over the preceding December. The
capital stock is 500, 86s, 500; the total
stock and debt, SEQ, 1893, PAT.
The assets Of the company were
1857 ,b92, 1921, q net increase over last
year of s3,4l2.6l the surplus $751;.
224, 473, as against $3s,lIl.05l Of the
year before. The estimated smount
found due the government on last
years account from the Union division
is given At $si7,727; from the Kansas
divislo1, slS2,052 Total, s0i9,7T9.
Reports OF the Treasury Department
shows accounts and money raid into
the treasury, December 81, 1886,
amounting to t22,00S,0J6 or, $3.50, $40
less than tbs amount claimed by the
company.
The report shows tina. the property
OF the Central Pacific Rsilrosd Dom
pany, Including track, roadbed,
bridges, ststions, shops, etc, were
lound TO be In excellent condition.
The company has acquired by patent
4O2,3Si acrcs Of lGno, aud sold 1885,
6S4 acres, ard has received FROM all
safer 81, 3lS,i7S. There arc eth 3i3, 500
acres Owned. Toe total amount Of
capital stock issued 10 SOS. 600. 900 an In.
crsaoe during the year Of $500, 200.
The faded deb. is so, 897, coo. The
revenue for tie last calendar year was
ZIG O12, 44S, ard the surpluI was
1858, 800.
10 regard 10 the sinking iund OF the
Union and Central Pacific companies,
the report states that the United States
Treasurer has 1897. COS TO the credit
OF the Central Pacific. There remained
In the United States Treasury Decem-
Der 81, 1886, uninves,ed, 373, 854 10 the
credit Of the Union Pacific, and
ft,3i5,9Si 10 the credit OF the Central
Pacific. The amount found 10 be- due
TO the government for the year 1888 Ia
Hl8,27l. The mileage OF the Sioux
Oily and Pacific railroad remains the
same as last year, and tbs condi.
ton oil the track has beet. slightly
improved. The total debt OF the
company 10 F,2s3. 636, Of which
~ 063, 400 Ia capital stock. Tue aseets
are % S33, 1886, leaving q deficit OF
81 ,459, 800. The central brar CHI Of the
Union Pacific road IL leased ~ the
Missouri Pasifc. The told debt 10
-. S38, 479, OF which includes 1900.
900 capital stock. The tssets are
81, 1888. $40, leavinga deficit OF 81 ,002,.
900. The report says that n was i'm.
practicable TO inspect tbs Northern
Pao ii' railroad. The company oper.
at,s 30Sl miles OF road. The total
number OF acres received by the com.
pany from the government by patent
and csrti6ration December 81. 1886,
IVES 10. si5,072, ofwhich o, 977 ,Oe0 acres
have been sold. From ihese sales the
company has received s2l, 3l2 O39, aud
there sre outstanding on time ssles
8,76S, $3.50. The total debt y fs5, 49,
$50, aud the capital stock IL $50. g3e,.
1855 The total assets are flf3, l7g, 40,
leaving surplus Of sl,0S3, e8S. The
report 10 submitted without recon.
mtndation OF comment.